32Red
≈ 2 min read
Names in other languages
No names in other languages are held for this entry yet.
Article bodies are English and are not machine-translated. A name in another language is not a translation of the article.
32Red is a public British online casino company located in Gibraltar. It was acquired by the Kindred Group in July 2017 for £176 million.
32Red is a public British online casino company located in Gibraltar. It was acquired by the Kindred Group in July 2017 for £176 million. ==Overview== 32Red is a sports betting firm that has held a gambling licence in Gibraltar since 2002. It operates under a United Kingdom Gambling Commission licence (reference 39430). It offers over 500 casino games including blackjack and roulette, sports betting, poker, and 75-ball and 90-ball bingo variations. The games at 32Red are provided by developers such as Microgaming, NetEnt, Big Time Gaming and Rabcat. 32Red hired British actress Patsy Kensit and television presenters Ant & Dec to be the voice of the online casino. ==Sponsorships== ==Controversies== In October 2010, 32Red's dispute with William Hill over the use of 32Vegas reached the High Court of Justice in London where a six-day trial took place over the matter. 32Red objected to Hill's use of the 32Vegas brand (which was renamed 21Nova subsequent to 32Red instigating legal proceedings). Handing down Judgment in January 2011, Mr Justice Henderson ruled that William Hill had infringed the 32Red trade mark and that their counterclaims against the validity of 32Red's trade marks (32 and 32Red) were dismissed. In June 2018, the Gambling Commission fined 32Red £2 million for failing a problem gambler who had deposited £758,000 with 32Red over more than two years. 32Red had failed to check whether the customer, who had a net income of £2,150 per month, could afford the bets despite several previous regulatory rulings in this area. In 2019, the Advertising Standards Authority sanctioned 32Red for violating the "gambling advertising code." 32Red was fined £4.1 million by the Gambling Commission for failing Anti-Money Laundering (AML) and social responsibility regulations on 25 January 2023. ==Acquisitions== In September 2014, 32Red Plc announced their purchase of GoWild Casino's United Kingdom-based customer database. In June 2015, 32Red Plc announced the purchase of Roxy Palace casino for £8.4 million. In March 2016, 32Red announced net gaming revenue of £48.7m in 2015, up 52% year-over-year, and revealed that it is evaluating possible acquisitions.
Text derived from https://en.wikipedia.org/w/index.php?oldid=1371696154 under CC BY-SA 4.0; modifications have been made.